Cyprus

News & Analysis

Gambling Now A Pillar Of Cypriot Economy, Says Government

The government of Cyprus wants the local gambling industry to keep growing, saying it has become a “pillar” of its economy, according to finance minister Konstantinos Petridis.

News In Brief: September 6-September 10, 2021

Netherlands licensees to be named in late September, Cypriot regulator wants gambling companies to embrace crypto and Japan's Yokohama is officially withdrawn from casino-resort contention.

Cooperation No Replacement for Expert Group, Says MGA

Increased cooperation is no substitute for the EU’s Expert Group on Online Gambling, the Malta Gaming Authority (MGA) has warned.

European Blocklists Surpass 110,000 URLs As Regulators Battle Pandemic Effects

The number of blocklisted online gambling domains across 18 reporting European countries, as monitored by VIXIO GamblingCompliance, soared by 21.4 percent to more than 110,000 in the last six months of 2020 as online play surged throughout the COVID-19 pandemic.

News In Brief: January 25-January 29, 2021

The Cypriot gambling regulator has made clear its intention to turn the island into a new gambling hub, as it sets out its plans through to 2023.

Research & Reports

Market Insight: European Lotteries

This in-depth report provides insight into the size, structure and growth of 30 European lottery markets, containing analysis, updated as new information becomes available, of sector themes and key jurisdictional and lottery-level developments including growth trends by game category and channel shift towards online sales.

Interactive Map: Gambling Advertising Across Europe

Advertising is one of the most hotly discussed topics in the European gambling industry. In this map, VIXIO GamblingCompliance shows the current situation regarding gambling advertising in all jurisdictions. The map highlights the differences among the countries that allow, partially prohibit or forbid gambling advertising.

Market Insight: European Online Gambling

This in-depth report provides insight into the size, structure and growth of 32 European online gambling markets, containing analysis, updated as new information becomes available, sector themes and key market developments bringing stakeholders opportunities, challenges, tailwinds and headwinds.

Market Insight — Cyprus

Regulated Cypriot land-based and online betting revenue grew by 27 percent in 2018 to €89.2m, while the country’s first casino, the City of Dreams Mediterranean resort, is due to open in 2021.

Cyprus: Securities and Exchange Commission Consults on Proposals to Bring Crypto Asset Activities Under National AML Legal Framework

On February 19, 2019, the Cyprus Securities and Exchange Commission (CySEC) launched a consultation seeking feedback on the proposed amendments to the Prevention and Suppression of Money Laundering and Terrorist Financing Law of 2007 (L. 188(I)/2007). Taking into consideration many queries received from market participants, the proposals aim to bring crypto asset activities under the ambit of the AML framework, transposing at the same time the provisions of the 5th Anti-Money Laundering Directive (5th AMLD) into the national legal order.

Data & Forecasts

Market Monitor: European Online Gambling

This quarterly report contains a comprehensive overview of available data on the €20bn+ European online gambling sector. Jurisdictional market size figures and year-on-year growth rates are supplemented by an interactive dashboard and standardised, comparable data on betting-gaming splits and online penetration rates.

OPAP Report - 2001Q1 to 2021Q3

Latest quarterly data from Greek-listed OPAP. The data released for the operator contains the following information: Group income statement, net revenues by game category and number of installed VLTs by location. There are approximately 4,600 data points in this document.

SAZKA Group Report - 2001 to 2021H1

Latest quarterly data from Czech-headquartered SAZKA Group. The data released for the operator contains the following information: Gross gaming revenue by market and product line, gaming taxes, net gaming revenue, operating expenses and operating EBITDA by market. There are approximately 745 data points in this document.

Cyprus - Quarterly Betting Report - 2015Q1 to 2021Q2

Latest Quarterly Betting Report data from the Cyprus National Betting Authority (NBA). The data released for the country contains the following information: Number of licensees, turnover, gross gaming revenue, gross win margin & tax revenue from retail and online betting, licensed betting locations by district and number of blacklisted websites. There are approximately 640 data points in this document.

IFHA Global Horseracing Report - 2008 to 2019

Latest annual data from the International Federation of Horseracing Authorities (IFHA). The data released contains the following information: Number of flat and jump races by country and horserace betting turnover, amount returned to bettors and deductions by country. There are approximately 6,130 data points in this document.